Maoyan Entertainment (HK:1896) has released an update.
Maoyan Entertainment has announced a voluntary Share Repurchase Plan to buy back up to 10% of its issued shares using no more than HK$300 million from its cash reserves and free cash flow. The repurchase reflects the company’s belief that its current share price does not mirror its intrinsic value and business prospects, signaling confidence in its long-term growth and a move to enhance shareholder value. Shareholders are cautioned that repurchases will depend on market conditions and are at the discretion of the Board.
For further insights into HK:1896 stock, check out TipRanks’ Stock Analysis page.
